Clinton Says Republicans Blocked His Audit Reforms
"Arthur Levitt, my Securities and Exchange commissioner, tried to stop the Enron accounting issues — using the same accounting company being consultant and accountant — and the Republicans stopped it." Later, Mr. Clinton added that Republicans had fought Mr. Levitt's effort, "and Harvey Pitt was the leader trying to stop us from ending those kind of abuses. That is a matter of record." Mr. Pitt, who was a securities lawyer before being appointed by President Bush to head the S.E.C., counted accounting firms, including Arthur Andersen, among his clients.

When asked if he agreed with senators and representatives who have called for Mr. Pitt's resignation, Mr. Clinton demurred. "I don't have to make those decisions anymore," he said.

Mr. Clinton also said he had been overridden by Republicans when he vetoed a securities-industry bill he said would have "basically cut off investors from being able to sue if they were getting the shaft." And he recalled that his Treasury secretary, Lawrence H. Summers, had tried to crack down on the use of offshore accounts to conceal corporate financial information, but that Senator Phil Gramm of Texas "and other Republicans stopped that."
http://www.nytimes.com/2002/07/25/business/25CLIN.html